Albany, NY (PRWEB) January 06, 2015
With many major defense markets in the world being adversely impacted with austerity measures, the defense industry suddenly finds itself in a phase of unplanned changes. Another parallel change that is affecting this industry is the increasing adoption of modern warfare practices. This has forced many players to venture into new areas and step out of other outdated ones. If players in the global defense market have to survive, they need to adopt an astute approach to every single opportunity as well as threat. This report is now available for sale on the MRR.biz website, with single-user or multi-user licenses at a highly competitive rate.
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According to the analysis of this report, the worldwide defense spending market was allocated a budget of about US$1,594.1 billion as of 2013. When compared between 2009 and 2013, this translates into a compound annual growth rate (CAGR) of a moderate 3.1%. However, there was a decline in the number of personnel employed by organizations in the defense industry. This decline was recorded as being -0.1% from 2009 to 2013. Thus, as of 2013, the total number of military personnel stood at 17.23 million. Analysts also forecast that despite the cutbacks in budgets, market players have reason to expect moderate growth. As per the analysis, the performance of this market is poised to accelerate at a CAGR of 3.1% between 2013 and 2018. Thus, by the end of 2018, the defense spending will likely to push the overall market value to a whopping US$1,858.6 billion.
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The Global Defense Spending Industry Guide is a result of extensive research efforts – both qualitative and quantitative. The information provided in this report features important details such as: Profiles of leading market players, market size both in terms of volume and value for the period 2009-2013, with forecast up to 2018. The key financial metrics of leading players are taken into consideration, and the impact of competitive pressures is discussed in the report. Analysts also provide recommendations on the best sectors to invest in, backed by comprehensive data.
This research report is designed to save readers considerable time that they would otherwise spend on conducting entry-level research. The report offers critical information such as market size, major segments, growth prospects, and competitive landscape of the global defense spending market. Trusted research methodologies such as Porter’s Five Forces analysis and SWOT analysis have been used to understand and determine intensity of competition in the market. The most and least attractive market segments have been identified based on the findings of these research efforts.
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